Agrobank Floats Deposit Certificates for Legal Entities
OREANDA-NEWS. December 14, 2010. Agrobank open joint-stock commercial bank floats deposit certificates for legal entities at the nominal price of 1 million soums.
The circulation period of deposit certificates with the interest of 7% APR comprises 18 months, with the interest of 8% APR- 24 months, and 36 months – 10% APR.
According to the Resolution of the President of Uzbekistan No.PP-1166 dated 28 July 2009 the interest received by legal entities during five years from investment of money into debt securities and deposits of commercial banks for the period over one year is exempted from taxes.
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